Mortgages

A Mortgage Decision in Principle (DIP) will give you an indication of how much you can borrow. Lenders, Mortgage Advisers and Estate agents also refer to a mortgage decision in principle as:

Agreement in Principle (AIP)
Mortgage in Principle (MIP)
Mortgage Promise (MP)
Approval in Principle (AIP)

What Is A Mortgage? Simply put, a mortgage is a financial agreement between you and a lender that allows you to lend a large amount of money to purchase a property. The loan is secured on the property and if you do not make the mortgage payments, the Lender could repossess the property and sell the […]